(The Center Square) – Two Indiana cities among the nation’s largest are going in opposite fiscal directions.
Fort Wayne’s financial condition improved while Indianapolis got worse based on a new report that measures the country’s top cities’ ability to pay their bills. Truth In Accounting, a think tank that analyzes government financial reporting, on Thursday released the 2024 Financial State of the Cities report.
Fort Wayne ranked 19 out of 75 of the nation’s largest cities on a scale from 1 being the most healthy to 75 being the worst.
The city received a grade of B.
It’s the second consecutive year the state’s second-largest city showed a surplus after having a taxpayer burden of more than $1,000 in the previous five years.
Fort Wayne had $784.6 million to pay $748.4 million worth of bills.
However, Indianapolis taxpayers carry a burden of $3,800, slightly more than a year ago and continuing a trend of eight consecutive years of failing to have enough money available to pay its bills.